Flickr

  • www.flickr.com
    Abiola_Lapite's photos More of Abiola_Lapite's photos

« Nonsense in the Netherlands | Main | Test Your Vocabulary »

July 10, 2011

Comments

Chuckles

The ramifications of a Chinese real estate bubble burst could well spread beyond that country - to South America and African economies which are trying to cultivate China as a primary market for raw materials export.

Also, no Japanese style "Public Works / Developmental" state to artificially prolong investment in construction, manufacturing etc; So, bubble could burst very soon - though, I am aware that China has been throwing billions at rails and airports, etc.

I do not believe that China is operating a true developmental state model. I have seen papers that try to claim the reverse but I am not convinced.

The comments to this entry are closed.

Notes for Readers